ACTIVE

CROES-BELLEN

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Financial year 2025 · closed on 31/12/2025

Net result

43,1 k €

+22.2% YoY

Gross margin

255,4 k €

+3.9% YoY

Equity

676,9 k €

-7.8% YoY

Workforce

2,5 ETP

-10.7% YoY

What does CROES-BELLEN do?

CROES-BELLEN is a Public limited company incorporated in 1989. Its registered office is in Alken. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.877.310

Incorporation

02/03/1989

Legal form

Public limited company

Registered office

Industrieterrein Kolmen 1208
3570 Alken · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	255,4 k €	+3.9%	245,8 k €	+4.5%	235,2 k €	-8.8%	257,9 k €	+1.5%	254,1 k €	-31.9%	373 k €	+26.5%	294,8 k €	+62.9%	181 k €	-37.0%	287,3 k €	-13.5%	332,2 k €	-21.2%	421,4 k €	+3.3%	408,1 k €	-23.9%	536,1 k €	+28.3%	417,9 k €	+3.6%	403,4 k €	+0.5%	401,5 k €	+61.6%	248,4 k €	-43.5%	439,3 k €	-16.6%	527,1 k €	+3.5%	509,1 k €
EBITDA	103,2 k €	+22.6%	84,1 k €	+86.0%	45,2 k €	-12.6%	51,8 k €	+6.3%	48,7 k €	-70.4%	164,7 k €	+220%	51,4 k €	+186%	-59,8 k €	-174%	81,4 k €	+13.0%	72 k €	-47.3%	136,8 k €	+50.8%	90,7 k €	-44.1%	162,3 k €	+41.9%	114,4 k €	+44.7%	79,1 k €	-29.3%	111,8 k €	+703%	-18,5 k €	-121%	89,5 k €	-35.4%	138,6 k €	+3.7%	133,7 k €
Operating result	76,9 k €	+25.8%	61,1 k €	+120%	27,8 k €	+2.8%	27 k €	+113%	12,7 k €	-90.9%	140 k €	+556%	21,3 k €	+120%	-106 k €	-424%	32,7 k €	+187%	11,4 k €	-80.6%	58,7 k €	+42.3%	41,2 k €	-58.8%	99,9 k €	+73.3%	57,7 k €	+124%	25,7 k €	-60.3%	64,7 k €	+200%	-65 k €	-279%	36,3 k €	-62.4%	96,5 k €	+15.9%	83,2 k €
Net result	43,1 k €	+22.2%	35,2 k €	+265%	9,6 k €	-20.3%	12,1 k €	+5234%	227 €	-99.8%	102,3 k €	+491%	17,3 k €	+116%	-108,2 k €	-802%	15,4 k €	+285%	4 k €	-78.5%	18,6 k €	-14.7%	21,8 k €	-70.3%	73,6 k €	+87.2%	39,3 k €	+17.6%	33,4 k €	-39.3%	55 k €	+178%	-70,8 k €	-391%	24,3 k €	-63.5%	66,6 k €	+19.9%	55,6 k €
Balance sheet
Equity	676,9 k €	-7.8%	733,9 k €	+5.0%	698,6 k €	+1.4%	689 k €	+1.8%	676,9 k €	+0.0%	676,7 k €	+17.8%	574,4 k €	+3.1%	557,1 k €	-16.3%	665,3 k €	+2.4%	649,9 k €	-1.7%	660,9 k €	+0.5%	657,3 k €	+1.0%	650,5 k €	+9.9%	591,9 k €	+4.3%	567,6 k €	+6.3%	534,2 k €	+11.5%	479,2 k €	-12.9%	550 k €	+4.6%	525,7 k €	+14.5%	459 k €
Total assets	1,1 M €	+7.2%	990,4 k €	+6.8%	927,4 k €	-9.1%	1 M €	+9.5%	932 k €	-1.6%	947,6 k €	+15.1%	823,2 k €	+4.4%	788,2 k €	-2.8%	811,3 k €	-1.5%	823,8 k €	-7.1%	886,3 k €	+0.9%	878,7 k €	-7.1%	946,1 k €	+7.7%	878,7 k €	+11.4%	788,7 k €	+1.4%	778 k €	+14.0%	682,4 k €	-18.3%	835,4 k €	-7.6%	903,7 k €	+20.6%	749,2 k €
Cash	298,5 k €	+59.8%	186,8 k €	-9.7%	207 k €	+24.0%	166,9 k €	-15.0%	196,3 k €	-29.3%	277,8 k €	+4.9%	264,9 k €	+44.0%	184 k €	+76.5%	104,2 k €	-50.6%	211,2 k €	-20.9%	267,1 k €	-10.5%	298,2 k €	+120%	135,6 k €	-44.7%	245,1 k €	+81.7%	134,9 k €	-31.8%	197,9 k €	+59.6%	124 k €	+16.2%	106,7 k €	+9.8%	97,1 k €	-40.5%	163,2 k €
Debts	384,8 k €	+50.0%	256,5 k €	+12.1%	228,8 k €	-31.0%	331,8 k €	+31.5%	252,3 k €	-6.9%	270,9 k €	+8.9%	248,8 k €	+7.6%	231,1 k €	+58.4%	145,9 k €	-16.0%	173,8 k €	-22.9%	225,4 k €	+1.8%	221,4 k €	-25.1%	295,6 k €	+3.1%	286,8 k €	+29.8%	221,1 k €	-9.3%	243,9 k €	+20.0%	203,2 k €	-28.8%	285,4 k €	-24.5%	378,1 k €	+30.3%	290,2 k €
Other
Workforce	2,5 ETP	-10.7%	2,8 ETP	-22.2%	3,6 ETP	-10.0%	4,0 ETP	0.0%	4,0 ETP	-2.4%	4,1 ETP	-18.0%	5,0 ETP	0.0%	5,0 ETP	+16.3%	4,3 ETP	-27.1%	5,9 ETP	-20.3%	7,4 ETP	+15.6%	6,4 ETP	-17.9%	7,8 ETP	+6.8%	7,3 ETP	-6.4%	7,8 ETP	+6.8%	7,3 ETP	-3.9%	7,6 ETP	-24.8%	10,1 ETP	-3.8%	10,5 ETP	-8.7%	11,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

RC EXPERT

Managing director · since 01 avril 2026 · until 29 mai 2031 · 1034.671.977

Represented by Ronny Croes

Active

Maikel Croes

Managing director · since 05 août 2021 · until 05 août 2027

Active

Stefanie Croes

Director · since 05 août 2021 · until 05 août 2027

Active

Ended mandates

Maikel Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Ronny Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Stefanie Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Ronny Croes

Managing director · since 05 août 2021 · until 05 août 2027

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO CROES-BELLEN● Active	0442.398.588

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	24/06/2025	24/06/2024	19/06/2023	22/06/2022	21/06/2021
General meeting	29/05/2026	30/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	01/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

RC EXPERT

Managing director · since 01 avril 2026 · until 29 mai 2031 · 1034.671.977

Represented by Ronny Croes

Active

Maikel Croes

Managing director · since 05 août 2021 · until 05 août 2027

Active

Stefanie Croes

Director · since 05 août 2021 · until 05 août 2027

Active

Ended mandates

Maikel Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Ronny Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Stefanie Croes

Managing director · since 30 mai 2025 · until 30 mai 2031

Ended

Ronny Croes

Managing director · since 05 août 2021 · until 05 août 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202543,1 k €↑
2024
Annual accounts 202435,2 k €↑
2023
Annual accounts 20239,6 k €↓
2022
Annual accounts 202212,1 k €↑
2021
Annual accounts 2021227 €↓
2020
Annual accounts 2020102,3 k €↑
2019
Annual accounts 201917,3 k €↑
2018
Annual accounts 2018-108,2 k €↓
2017
Annual accounts 201715,4 k €↑
2016
Annual accounts 20164 k €↓
2015
Annual accounts 201518,6 k €↓
2014
Annual accounts 201421,8 k €↓
2013
Annual accounts 201373,6 k €↑
2012
Annual accounts 201239,3 k €↑
2011
Annual accounts 201133,4 k €↓
2010
Annual accounts 201055 k €↑
2009
Annual accounts 2009-70,8 k €↓
2008
Annual accounts 200824,3 k €↓
2007
Annual accounts 200766,6 k €↑
2006
Annual accounts 200655,6 k €
02/03/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CROES-BELLEN

Overview

What does CROES-BELLEN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline